Amiad Filtration Systems Ltd. (AIM:AFS) signed a ten-year contract to supply its disc filtration technology to Calgon Carbon Corporation (NYSE: CCC) for cleaning ships' ballast water. The company did not disclose the size of the deal.
Amiad will supply its Arkal automatic self-cleaning disc filtration technology for incorporation within Calgon Carbon's Hyde Guardian Ballast Water Treatment Systems. The combined solution will be used on both new ship builds as well as to retrofit existing ships, and will be applied to US and international carriers. Pittsburgh-based Calgon Carbon is a global manufacturer and supplier of activated carbon and water and air purification systems and production optimization processes.
Amiad USA president Tom Akehurst said that the agreement establishes a long-term relationship with an established global player in the field. "Calgon Carbon has chosen to put our technology at the heart of its solution, demonstrating the strength of Amiad's offering. We look forward to working with them as we continue to expand in this key market."
Calgon Carbon SVP Americas James Sullivan said, "This agreement will ensure we have a guaranteed supply of pre-treatment water filtration systems which, we believe, are technically superior to other systems currently used to treat ballast water. Arkal's disc filtration technology will perform a vital function within our system. Also, with this partnership, we will be able to leverage Amiad's expertise to work together in developing other innovative solutions to protect the marine environment from invasive species that are transported by ballast water."
Amiad has marked the ballast water market as a key growth market. More than 10 billion tons of ballast water are carried in ships each year containing thousands of species of aquatic animals and plants. This creates problems for the marine environment and human health, and threatens economies that depend on healthy aquatic ecosystems. Treatment systems are more effective and less costly and time consuming than deep sea exchange. Increasing international regulation has caused growing demand from ship owners and operators for solutions to meet these obligations.
Amiad's share price fell 0.7% on London’s Alternative Investment Market (AIM) to ₤2.73, giving a market cap of ₤62 million.
Published by Globes [online], Israel business news - www.globes-online.com - on April 10, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012